WNA Globe

World News by Wild Rose

#Global Economy ร—

South Korea stifling Samsung workersโ€™ US$400,000 bonus strike risks wider crisis

In South Korea, the clock is ticking on what threatens to become the most consequential labour dispute in recent history โ€“ and Seoul is running out of patience. With 50,000 workers at Samsung Electronics poised to walk off the job on Thursday in an 18-day strike, the government of President Lee Jae Myung finds itself cornered by a crisis it cannot afford to mishandle, with up to 100 trillion won (US$66.7 billion) in projected economic damage on the line, plus the potential disruption to global...